Massive petrol price decrease on the cards ahead of Christmas
It doesn't matter if you've been naughty or nice this year, the possible dip in the petrol price is an early Christmas gift for all motorists.
MASSIVE fuel price reductions are expected for December, but these could be tempered by adjustments in the retail and wholesale margin, and the possible continued use of the Slate Levy.
This is according to the Automobile Association (AA), which commented on unaudited month-end fuel price data released by the Central Energy Fund (CEF).
“The good news is a likely R1.85 reduction per litre in the price of petrol, with diesel coming down by an estimated R1.40, and illuminating paraffin dropping by R1.28. With these expected drops, the fuel prices will return to levels last seen around the middle of 2018,” commented the AA.
ALSO READ: Tuesday Life Hack: Save some petrol today with these hacks
“These massive decreases stem from a combination of substantial retreats in international petroleum prices and a slightly firmer Rand, which has trended stronger against the US dollar since its most recent peak in early-September at close R15.50 to the greenback.”
However, the Association says it is possible that not all of these decreases will make it through to the motorist.
“The see-saw ride in fuel prices over the past year has shown just how great the impact of international petroleum pricing and the Rand/US dollar exchange rate is on the lives of ordinary citizens. The outlook for fuel pricing into 2019 remains cloudy, but we are hopeful that some stability will return,” the AA concludes.
Do you want to receive alerts regarding this and other Highway community news via WhatsApp? Send us a WhatsApp message (not an sms) with your name and surname (ONLY) to 060 532 5409.
You can also join the conversation on Facebook, Twitter and Instagram.
PLEASE NOTE: If you have signed up for our news alerts you need to save the Highway Mail WhatsApp number as a contact to your phone, otherwise you will not receive our alerts.
